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A firm is considering two mutually exclusive projects, Y and Z, with the following cash flows: 0 1 2 3 Y -$1,000 270 330 680

A firm is considering two mutually exclusive projects, Y and Z, with the following cash flows:

0 1 2 3

Y -$1,000 270 330 680

Z -$1,000 620 220 410

The projects are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value? Do not round intermediate calculations. Round final answer to two decimals and include the %.

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